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Here's a good explanation about why gdp is important. https://noahpinion.substack.com/p/four-reasons-why-gdp-is-a-useful https://noahpinion.substack.com/p/four
by joshe 4y ago
Here's a good explanation about why gdp is important.
https://noahpinion.substack.com/p/four-reasons-why-gdp-is-a-useful https://noahpinion.substack.com/p/four-reasons-why-gdp-is-a-...
It is only one measure of success, but it is not misleading. You can just use it and 6 other measures. Then if infant mortality goes way up you can still say let's figure out how to manage that and if it costs some gdp, that's fine. In fact real policy is saying we should spend more of that gdp on prenatal care for example. Doing that will neither make gdp go up or down.
And it's unclear who they're even talking about here. In the democracies politicians hardly talk about it at all. It's usually healthcare, some group is bad, or something should be regulated differently (like energy).
Here's even more depth:
https://ourworldindata.org/what-is-economic-growth https://ourworldindata.org/what-is-economic-growth